Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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20 Year Est. High Volume Fast Casual Italian Restaurant with Bar
(Restaurants)
Dallas, Texas
Listed Price: $ 1,390,000
Listing ID: 000483

Listing DetailsDown Payment: $ 417,000
Gross Revenue: $ 2,146,586
Cash Flow: $ 556,895
FFE: $ 100,000 (Included in Price)
Inventory: $ 30,000 (Included in Price)
Reason for Sale:

Other Opportunities


Training & Support:

The owner of the business will provide the necessary training to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Prime location Italian restaurant located in Northwest Dallas that has fantastic sales is available for acquisition. This business was originally established two decades ago in 1997 by the current owner of the business. While competition is expected for this type of business, the prime location of this business has no competitors in the immediate market area. Most of the customers are individuals from the nearby densely populated residential neighborhoods and is corporate employees from the office buildings. Net sales average was $2,100,000/year that has steadily increased over the last several years of operation with some marketing done online through social media outlets. Proactive marketing is crucial to the further growth of this business as there are still many unused marketing tactics to utilize. There are many ways to proactively market this business such as direct mailing, flyers, weekly specials, 3rd party delivery services, on-site delivery service, and catering services to the corporations nearby. Utilization of local delivery service and catering services in this area will easily allow this business to generate more cash flow as this area is filled with high-income individuals. This Italian restaurant produces high quality Italian cuisines that range from appetizers like calamari, fresh baked bread, pastas, baked pastas, seafood dishes, create-your-own pizzas, and wings with a variety of dipping sauces. During only lunch hours, this business adopts the concept of "Fast Food Service" to provide menu items at a quick and reasonable time frame. The business has everything in place to generate much more cash flow as long as a potential buyer proactively markets this business and be fully involved in the day-to-day operations.


Competition:

There are no competitors within the immediate market area of this business.


Potential Growth:

Some marketing is done online, but other methods of proactive marketing are needed to generate more cash flow and expansion of the interior will help as well.


Financing/Terms:

100% down at time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.


LocationSquare Footage: 3800
Facilities:

All equipment is in impeccable condition and maintained extremely well. Kitchen has been expanded a total of 3 times to accommodate increased customer flow. The inside full bar has 20 bar stools with very high quality counter-top has a large selection of liquors, wine, and beers. The outer patio is gorgeously decorated with cedar wood furniture along with 80 seating (55 Large Patio, 25 Small Patio) and 75 seating inside. In a location of corporate buildings and top-class individuals makes this a prime location for this business to thrive.


OperationYear Established: 1997
Employees: 10FT/15PT
Absentee Owner: No